Inditex facts for kids

Quick facts for kids
Industria de Diseño Textil, S.A.

Headquarters in Arteixo, Spain
Trade name	Inditex
Type	Sociedad Anónima
Traded as	BMAD: ITX
ISIN	ISIN: [https://isin.toolforge.org/?language=en&isin=ES0148396007 ES0148396007]
Industry	Retail
Predecessor	Confecciones GOA, S.A. GOASAM, S.A.
Founded	A Coruña, Galicia, Spain (12 June 1985; 40 years ago (1985-06-12))
Founders	Amancio Ortega Rosalía Mera
Headquarters	Arteixo, Galicia , Spain
Number of locations	7,292 stores
Area served	Worldwide
Key people	Óscar García Maceiras (CEO) Marta Ortega (chairwoman)
Products	Clothing & fashion
Revenue	€32.569 billion (2022)
Operating income	€5.520 billion (2022)
Net income	€4.147 billion (2022)
Total assets	€29.983 billion (2022)
Total equity	€17.033 billion (2022)
Number of employees	164,997 (2022)
Subsidiaries	Zara, Pull&Bear, Bershka, Massimo Dutti, Stradivarius, Oysho, Zara Home, Uterqüe, Lefties

Inditex is a huge Spanish company that sells clothes all over the world. Its full name is Industria de Diseño Textil, S.A., which means "Textile Design Industry." Inditex has its main office in Arteixo, Galicia, Spain.

It is the biggest "fast fashion" group in the world. Fast fashion means they can design, make, and sell new clothes very quickly. Inditex has over 7,200 stores in 93 countries. Their most famous brand is Zara. But they also own many other popular brands. These include Zara Home, Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe and Lefties. Most of their stores are owned by the company itself.

Inditex's main goal is to react quickly to what customers want. While other fashion companies might take a year to get new clothes into stores, Inditex can do it in less than two months. For Zara stores, a new clothing item can go from being designed to being on shelves in just 15 days! This helps them offer new and different products every week.

History of Inditex

Starting in the 1960s

In the early 1960s, a man named Amancio Ortega started working for a shirt maker in A Coruña, Spain. He soon began designing his own clothes. Amancio and his wife, Rosalía Mera, started making clothes at home.

By 1975, they had saved enough money to open their first store. They called it Zara. This store sold trendy clothes at low prices. Zara became a company the next year. It started opening more stores and factories in Spain. Ortega also hired José María Castellano to help with the company's computer systems.

Growing in the 1980s and 1990s

In the 1980s, Inditex created a new way to design and deliver clothes. This system greatly reduced the time it took for clothes to go from design to stores. José María Castellano, who became the company's CEO in 1984, designed this system.

In 1985, Industria de Diseño Textil S.A. (Inditex) was officially created. It became the main company for Zara and its factories. In 1988, Inditex started to grow internationally. They opened a Zara store in Porto, Portugal.

Over the next few years, Inditex launched or bought many new brands:

• In 1991, they created Pull and Bear, which sells casual clothes for men.
• Later that year, they bought most of Massimo Dutti, a brand for more stylish clothing.
• In 1993, Inditex created Lefties. This brand sells older Zara clothes at lower prices.
• In 1995, Inditex fully bought Massimo Dutti and added a women's clothing line.
• In 1998, they launched Bershka, a brand for young, trendy fashion.
• In 1999, they bought Stradivarius, which sells youthful female fashion.

2000s and Beyond

In 2001, Inditex offered its shares to the public for the first time. This is called an initial public offering (IPO). The company was valued at €9 billion. In the same year, they launched Oysho, a store for lingerie and women's clothing.

In 2003, Inditex started Zara Home. This brand sells items for your house, like bedding and decorations. By 2004, Inditex had opened its 2,000th store in Hong Kong. This meant they had stores in 56 countries.

In 2005, Pablo Isla became the new CEO. In 2008, Inditex launched Uterqüe, a brand for women's accessories. That same year, they opened their 4,000th store in Tokyo. In 2011, Amancio Ortega, the founder, stepped down from his daily duties. Pablo Isla took over running the company. Inditex also opened a store in Australia that year. This meant they had stores on five continents and in 77 countries.

By 2019, Inditex was the biggest fashion seller in the world based on how much money they made. In 2020, their sales went down because of the coronavirus pandemic. But by early 2023, their sales and profits were increasing again.

Where Inditex Stores Are Found

Inditex has expanded all over the world. After opening in Portugal in 1988, they quickly moved into other countries.

• In 1989, they entered the U.S. market.
• In 1990, they expanded into France.
• They opened stores in Mexico in 1992 and Greece in 1993.
• By 1997, they had stores in Malta, Cyprus, Norway, and Israel.
• In 1998, they expanded to the UK, Turkey, Argentina, Venezuela, the Middle East, and Japan.
• In 1999, stores opened in Canada, Germany, Poland, Saudi Arabia, and several South American countries.

The company continued to grow in the 2000s:

• In 2001, they opened stores in Italy, Luxembourg, and Jordan.
• In 2003, Inditex opened stores in Russia, Slovakia, and Malaysia.
• In 2004, they opened their 2,000th store in Hong Kong.
• By 2006, they had expanded into mainland China.
• In 2010, they opened their 5,000th store in Rome and their first in India.
• The first stores in Australia and South Africa opened in 2011.
• By 2016, Inditex planned to open stores in Vietnam, New Zealand, Paraguay, Aruba, and Nicaragua.

Shopping Online

Inditex also sells its products online.

• In 2007, Zara Home launched its online store.
• Zara started selling online in September 2010 in several European countries.
• By November 2010, Zara's online shopping was available in more countries like Austria and the Netherlands.
• In September 2011, Zara's online store came to the U.S.
• At the same time, other brands like Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Uterqüe also started selling online.
• By 2016, Inditex had online stores in 28 countries.
• In 2018, Inditex announced that all its brands would be available online by 2020. This included places where they didn't even have physical stores.

Marketing and Advertising

Inditex uses a different approach to marketing. They usually avoid advertising in magazines. Instead, they focus on other ways to get noticed.

• They might use billboards in some areas, like the U.S.
• They often pay celebrities to wear their clothes.
• They also invest a lot in having their stores in prime locations. Their window displays are designed to be very eye-catching. This helps people see their products easily when walking by.

Inditex Brands

Inditex owns several popular brands, each selling different types of products to different customers.

See also

In Spanish: Inditex para niños